The platform owned by China’s ByteDance has been designated as a market ‘gatekeeper’.
BRUSSELS: Social media TikTok today lost a court bid to suspend strict new EU rules designating it a market “gatekeeper”, pending a final ruling on the video-sharing app’s legal challenge to the law.
Coming into force next month, the Digital Markets Act designates six “gatekeepers” facing the curbs: Google parent Alphabet, Amazon, Apple, Meta, Microsoft – and ByteDance, the only non-US company.The platform owned by China’s ByteDance asked the Luxembourg-based General Court last year to suspend its obligation to comply with the DMA while its case is ongoing.
The company had argued that complying with the “contested decision risks causing the disclosure of highly strategic information concerning TikTok’s user profiling practices, which is not otherwise in the public domain”, the court added. TikTok has been preparing for compliance and will continue to do so, the spokesman said in a statement.